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Ariz. Justices Set Test For U. Of Phoenix's $13M Row With AIG

By Jeff Sistrunk (February 17, 2021, 5:30 PM EST) -- Arizona's high court gave the Ninth Circuit a roadmap Wednesday to decide whether an AIG insurer was justified in refusing to fund the University of Phoenix's settlement for over $13 million in a proposed securities class action, saying the appeals court must evaluate whether the refusal was reasonable from the insurer's perspective....

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